Best Online Payment Gateways in Nigeria (2023)

2023 Best Online Payment Gateways in Nigeria.

With the rise of e-commerce and online shopping, the need for secure and convenient online payment gateways has become increasingly important. An online payment gateway is a platform that enables merchants to accept electronic payments for their products or services. With so many options available, choosing the best one for your business can be difficult.


online payment pics

However, as vendors or startups, the choice of payment gateways to use in receiving or sending money for your online transactions becomes questionable as there are a lot of payment gateway products in the fintech industry in the market. Therefore, this post will outline, among others, the best online payment gateways.

What exactly is a Payment Gateway?

Before we go any further, it’s worth noting that online payment platforms are more properly referred to as “payment gateways.”

As a result, you must better understand what we refer to as a payment gateway, how it works, and why it is important.

An online payment gateway is a secure platform that facilitates the transfer of funds from a customer’s bank account to a merchant’s account. It acts as a virtual point of sale (POS) system and enables merchants to accept electronic payments for their products or services. The payment gateway encrypts sensitive information, such as credit card numbers, and sends it securely to the acquiring bank for processing.

There are many benefits to using an online payment gateway. For merchants, it eliminates the need for traditional POS systems and allows them to reach a wider customer base by accepting payments from anywhere in the world. It also provides them with real-time payment processing, so they can receive their funds quickly and efficiently.

For customers, online payment gateways offer convenience and peace of mind. They can make payments quickly and easily without having to visit a physical store. The encrypted payment information also ensures that their personal and financial information is secure.

When choosing an online payment gateway, it is important to consider several factors, such as transaction fees, security measures, and compatibility with your website or shopping cart.

Best Online Payment Gateways in Nigeria

1. Paystack

Paystack is a fin-tech company that offers businesses everything they need to accept payments online and offline. It’s simple, secure, affordable and fast for either small, medium or large businesses.

Paystack is co-founded by Ezra Olubi and Shola Akinlade. As a merchant, you can payout money directly from your Paystack dashboard to any bank account in the country.

Paystack Payment Gateway

Over twenty thousand (20,000) businesses, including top brands like MTN, Taxify, Domino’s, Iroko tv, GIGM etc are using Paystack payment gateway.

The pricing is moderate in that it is totally free to set up an account with Paystack. Also, there is a local transaction charge of 1.5% + ₦100 (The ₦100 fee is waived for transactions less than ₦2500) and International Transactions of 3.9% + ₦100.

Paystack Head Office Address

  • 3A, Ladoke Akintola Road,
    Ikeja GRA, Ikeja, Lagos, Nigeria.

Email: [email protected]


2. Rave

RAVE by Flutterwave is a payment gateway that provides one of the easiest way for Nigerian businesses to accept payments online. It enables businesses – from mom-and-pop shops to global conglomerates – to accept payments easier, faster and safer.

rave by flutterwave

Rave enables you to receive and make payments locally and globally using any debit card with no hassles and zero set up fees. However, payment can be made in any currency of the world.

The pricing is totally free to setup an account with Rave and a local transaction charge of 1.4% and International Transactions of 3.5%


3. Vogue pay

VoguePay is a user-friendly online payment gateway that enables businesses to send and receive payment easily from anyone and any currency in the world. It accepts payment through debit card transactions and bank transfers.

It is a simple, fast, secure and reliable way to send and receive payments locally and internationally. Its global coverage allows consumers and businesses to safely make and receive payments in all major currencies, including bitcoin, regardless of your location.


However, there is a local transaction charge of 1.5% and 3.8% for international transactions.

The following are the reasons why you should choose vogue pay;
  • Multiple payment channels: Accept payment any way you want. Give your customers options.
  • Developer friendly: Simple API documentation to make integration easy, even for non-developers.
  • Easy Account Management: Opt for business or personal accounts based on your needs.
  • Multi-currency support: Accept payment in multiple global currencies and allow you get paid in your default currency.
  • Free integration: Easily integrate payment to your website using our plugin libraries and extensions.
  • Good Technical support: Enjoy world-class support that is available 24/7.

Vogue Pay Portal

4. eTranzact 

eTranzact is one of Nigeria’s award-winning multi-application and multi-channel electronic transaction switching, and payment processing platforms with operations in Nigeria, Ghana, Kenya, Zimbabwe, South Africa, Cote d’Ivoire, and UK and is currently expanding to many other countries.


Since Inception in 2003, eTranzact has deployed its mobile payment solutions to banks and non-bank financial institutions alike and was recently granted a license by the Central Bank of Nigeria to provide Mobile Money services to individuals with a special focus on the unbanked.

Its services include all types of e-payments from ATM, Internet, POS, and Mobile.  ETranzact also accepts all cards issued locally from Nigerian banks e.g,. cards like Visa and Mastercard.


5. Interswitch Webpay

Interswitch is an integrated digital payments gateway and commerce company that facilitates the electronic circulation of money as well as the exchange of value between individuals and organizations on a timely and consistent basis.

The  Payment Page is a simple page that can be called from any website seeking to offer visitors the facility to pay for goods or services by their bank-issued cards or other payment tokens. That is, all debit cards (Mastercard, Visa or Verse) can be used for transactions.

A web merchant can receive online payment from cardholders via Interswitch WebPay or Webpaydirect.

There is a one-time integration fee of N150,000 and for every subsequent successful transaction, a fee of 1.5% of the value of the transaction subject to a cap of N2,000 is charged. (i.e. for transactions below N133,333, a fee of 1.5% applies), and N2,000 flat fee (for transactions above N133,333).

6. GTPay


GTpay is a payment gateway solution by GTbank, one of Nigeria’s famous banks. It is a secure internet payment gateway developed to facilitate payments online using debit cards issued by banks on the Interswitch Network. GTPay plugs in seamlessly with the existing websites of customers and acts as a bridge between the customer’s website and financial institutions (Banks).

The payment solution: Provides a convenient alternative payment channel to all customers. Enable cardholders to pay merchants (our customers) for internet purchases of goods and services from the comfort of their offices/homes by supplying details of their local debit/credit cards. Ensure the transaction amount is deducted from your card instantly and the merchant’s account credited within 24 hours.

There is a Setup fee of N75,000, also MasterCard/Visa (local): 1.5% of the transaction amount (subject to a maximum of N2,000)

Interswitch Verve (local): 1.5% of transaction amount (subject to a maximum of N2,000)

MasterCard/Visa (International): 3% of transaction amount; no cap

International Gateway Monthly Charge: N5,000

Convenient means of payment
Acceptance of both local and international cards
Global reach for merchants
Increased sales
Promote cashless transactions
Instant value for successful transactions

7. Amplify 


Amplify is a payment gateway with the smartest way to accept and manage recurring payments in Nigeria. It uses world-class bank-level security. That is all transactions are processed via a PCIDSS-compliant, 3D Secure payment gateway via an SSL-encrypted channel.

It enhances card correction technology. This implies that if there’s an issue with your customer’s card, Amplify will automatically retry until payment goes through for up to 2 days.

Amplify provides multiple payment options by Accepting payments in over 40 currencies from VISA, Mastercard, Verve, and American Express. Your customers will also be able to pay directly from their bank accounts.

Accept payments without needing a website. You can accept payments without needing a coder. Create a simple form, send the link to your customer, and get paid.

Charges and fee are as follows;

1.5% + ₦20

Any cap? We’ll never charge more than ₦2,000 in fees for local cards.

3.8% + ₦20

We charge a fixed fee of ₦100 for any settlement to your registered bank account.

We have volume discounts for businesses that transact large sums.

8. CashEnvoy



CashEnvoy is a payment gateway that allows businesses to receive payment online. The platform commenced its operations in 2009 and allows websites that integrate with CashEnvoy to accept payment from all the major Nigerian debit cards, international Visa/Mastercards and the CashEnvoy wallet.

CashEnvoy is owned by E-Settlement Ltd, an independent, private sector-led, limited liability company located in Lagos, Nigeria, focused on providing Innovative, Dependable, Easy-to-use, Affordable and Secure payment solutions.

CashEnvoy offers two types of accounts: personal and business account.


CashEnvoy pays you 0.5% of the transaction amount on every transaction. Shop online safely and securely from online stores that accept CashEnvoy. Fund your account using Interswitch, Verve, Master or Visa cards. Make payments using your debit cards (local and international), online banking or bank deposits. No setup, daily, monthly or annual charges.


Accept payments from your online store via debit card, internet banking and CashEnvoy wallet. Receive payments and donations online with ease. Easy to use, with complete transaction records. No integration or subscription fees! Easily pay and settle other merchants on your platform.

9. GlobalPay

global pay

GlobalPAY, a payment gateway, enables merchants to receive payments via MasterCard, Visa and Verve cards from any part of the world With a one-time integration.It is a product of Zenith Bank Nigeria.

It allows your website to have the functionality of accepting and monitoring mobile payments made via mobile phone.
An online log is available to view all transactions as they occur on your website.

GlobalPAY accepts MasterCard, Visa, Verve and eTranzact cards.


Setup fee (Local): ₦75,000.00

Transaction fee: 1.5% of transaction amount (subject to a maximum of ₦2,000

Setup fee (International): ₦75,000.00

Transaction fee: 3.5% of transaction amount; no cap

Monthly Access Fee: ₦5,000.00

Foreign Settlement Charge: $50 (per settlement)

10. U-Collect

U-Collect is a payment gateway solution that enables merchants to accept card payments from customers who desire to do online purchases using their various cards. It is a gateway that connects merchants, cardholders, and financial institutions, offering the assurance of secure transactions and timely payments.

U- Collect processes all local types of card payments (Verve, Genesis, MasterCard, Visa and eTranzact and international payments from MasterCard and Visa are accepted.

With a free setup fee and a free monthly fee, U-Collect charges transaction fees of 1.5% (with a maximum cap of N2000) per transaction.

11. PayPal

PayPal is one of the most widely recognized and trusted payment gateways in the world. It is easy to set up, integrates with most shopping carts, and offers a wide range of features, including fraud protection and recurring billing.


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